With investors moving from growth stocks to the safest dividend paying sector companies, the ARKK fund finds itself in a difficult position. Once the interest rates go higher and money will be harder to borrow, my price targets from this ETF are $60, respectively $49 by the end of Q2. Looking forward to read your opinion about it.
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK). The chart is self-explanatory. The price is currently in a Descending Parallel Channel with the RSI oversold so there may be a short term upward price movement, however the overall trend is still down. I put in multiple support lines to keep...
If you haven`t bought SARK at the beginning of this year: Then you should know that SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own. The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other...
This chart looks nasty and that is paradoxically good. There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs. At least bottom probably is found around these levels after a very violent 59% drawdown from ATH. It is a bit early to tell but so far those macro selling volumes are...
SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own. The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period. So far, so good, from November till February the fund has a return of 68%. Looking...
Cathie Wood`s biggest bet in telemedicine is Teladoc Health Inc. She wants said Teladoc is the future of healthcare. Now sitting at a strong support level. I expect a bounce from here! 52 Week Range 66.50 - 308.00 TDOC has a MARKET CAP of 11.931Bil. At this discounted price it can be a buyout from AMZN or others. Credit Suisse Group has a price target of...
The ARKs have had it rough the past year and I know of the comparisons to the tech bubble pattern, which does look scary. But as ARKW shows here, it hasn't broken it's long term trend yet and it could present a buy opportunity. I copied the pattern from 2018 and pasted it here to show a possible bullish path that ARKW may take. This pattern makes sense to...
It's seems like we are completing an ABC correction since the beginning of the Bullrun. An ascending triangle is as well forming, let's see how it plays out.
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
Quick Analysis on Ginkgo Bioworks Holdings, Inc. (DNA) on a 4H Linear Chart. This is an Ark Invest (Cathie Wood) portfolio name. 1) The stock price for DNA looks to be potentially forming a Head and Shoulders Pattern with the current Right Shoulder formation in process. 2) The Right Shoulder price target would be around $12-$12.25 using the Volume Profile (VPVR)...
ARK Innovation ETF (ARKK) led by Cathie Wood is shown a possible near break of the triangle with a possible golden cross on the MA coming up very soon. I plotted fib levels to see how I we can possibly go. There has been consolidation since March 2021. It seems that a breakout is coming very soon. What are your opinions on this? Comment below, hit the like and...
Zillow tested the dynamic supports on the 4 hour today and bounced. It is currently holding well above the horizontal support at $96.82. If uptrend continues, Z could retest $115 which is pretty close to the 200 MA on the daily. - HH
On October 20, ARKQ, part of the Ark invest fund lead be Cathie Wood sold 1,858 shares of GOOG, for a total value of 0.2031 of its portfolio. Most of the time, when Ark starts a sell, it tends to continue it for multiple days. Was this the top for Alphabet? My price target is the 2700usd support. I`m looking forward to read your opinion about it.
ARKK has been taking a beating in 2021 after a superior outperformance in 2020. Tracking this triangulation pattern before the ETF makes another move higher targeting the 157 upside
Traders, There is a lot of media ta the moment talking about Cathie Wood's ARKK ETF reportedly seeing record short interest as investors turn against the fund. However if you look at the charts, they tell you a little different story. In fact of the short positions story is correct, we might see a short squeeze. The price is right at the breakout point and from...
As we are going to the next week‘s earnings, there are a lot of company to watch. One of them is Tesla tomorrow on the 26th July. So, in general, I am optimistic about higher prices based on the current chart: 1. Higher highs and higher lows (from Mid-May) which indicate that an uptrend is occurring 2. Break out of triangle (white lines) 3. 200 SMA Support But...
This is my 888 post on the TradingView platform. 13 years ago, I was a 4th-grade Medical student in Shiraz, Iran, when I started trading stocks. Like many of you, I had never read a single book about trading when I started this. The result was a catastrophic -27% loss in the first 2 months. I had no choice other than to quit or find a way to correct my mistakes! I...
The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend. Tailwinds: There are reasons to be...